Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,861 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,861 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $10.21, for a total transaction of $39,420.81. Following the sale, the director now directly owns 4,312,192 shares in the company, valued at $44,027,480.32. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hagerty Trading Down 0.6 %

Shares of NYSE:HGTY opened at $10.16 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 1 year low of $8.11 and a 1 year high of $12.35. The company has a market cap of $3.46 billion, a P/E ratio of 92.33 and a beta of 0.85. The stock’s fifty day moving average price is $10.13 and its 200-day moving average price is $10.72.

Hedge Funds Weigh In On Hagerty

A number of hedge funds have recently bought and sold shares of HGTY. Dimensional Fund Advisors LP purchased a new stake in shares of Hagerty during the 2nd quarter valued at about $139,000. Blue Trust Inc. increased its position in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after purchasing an additional 6,758 shares during the last quarter. Goldstone Financial Group LLC purchased a new stake in shares of Hagerty during the 3rd quarter valued at about $236,000. 17 Capital Partners LLC lifted its stake in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares during the period. Finally, Meixler Investment Management Ltd. boosted its holdings in shares of Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after buying an additional 2,430 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 26th.

Hagerty Company Profile

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.